Tata Motors Passenger Vehicles Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) has announced the results of its postal ballot conducted via remote e-voting from November 29 to December 28, 2025. All four resolutions were passed with the required majority. The resolutions included the appointment of Mrs Sudha Krishnan as Non-Executive Independent Director (99.91% in favor), Mr P.B. Balaji as Non-Executive Director (99.49% in favor), and Mr Shailesh Chandra as Director (99.93% in favor) and as Managing Director & CEO with remuneration (99.29% in favor). About 73.36% of outstanding shares (roughly 2.70 billion shares) participated in the voting out of 7,073,837 eligible shareholders. Promoters voted unanimously in favor of all resolutions, while the highest dissent (0.71%) came on the MD & CEO remuneration resolution, largely from public institutional investors.
The postal ballot formally confirms the leadership team of the newly named Tata Motors Passenger Vehicles Limited post-demerger, with Shailesh Chandra now officially appointed as MD & CEO. High approval rates across all resolutions indicate strong shareholder support and minimal governance friction, though the slightly higher dissent on CEO remuneration is worth noting. This is a routine governance clearance and is unlikely to move the stock on its own.